TMS Ep193: IPL media rights, Bankruptcy Code, markets, weather and economy

The fight to clinch the media rights of Indian Premier League for the next five years was no less intense than the matches itself. And the money put on the auction table made the IPL world’s number two sports league, with only America’s National Football League ahead of it in terms of per-match value. So why has the race to grab the TV and digital media rights become so intense despite a dip in IPL viewership? And what do the winners stand to gain?

But not all business models are as lucrative as IPL. Scores of companies are floated every year and some return to the pavilion without playing a long innings. Ravi Mittal, chairperson of the Insolvency and Bankruptcy Board of India (IBBI), recently said that there should not be any stigma attached to genuine business failure and companies should be given honourable exit. The Insolvency and Bankruptcy Code, 2016 was introduced in May, 2016 to tackle bad loan problems. But it has been plagued with high haircuts for banks and delays in the resolution process. So what can be done to achieve quicker resolution?

Markets too take a beating when a big company falls. Meanwhile, key benchmark indices cracked around 3 per cent on Monday. The Indian Rupee, too, recorded a new all-time low. Against the backdrop of the yesterday’s fall and overhang of global sentiment, our next report tells what lies ahead for the markets, and what are the key support levels to watch out for?

Not just scorched earth and people living on it, a good monsoon also soothes the economy and markets too. Weather and economy are closely linked. In this episode of the podcast, we explain how nature still rules over us, despite all the technological advances.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Previous post Indiabulls Housing Finance Tanks to 2-Year Low; What the Chart is Saying?
Next post Has the Meesho incident highlighted the flip side of influencer marketing?